What is XLM?

_{What is Stellar (XLM)?}

Created by the Stellar Development Foundation in 2014 and officially launched in 2015, Stellar (XLM) is a decentralized P2P network designed to connect global financial systems. XLM, the traditional cryptocurrency, facilitates transactions at low and fast costs, and as a means of paying fees. The network focuses on individual users rather than institutions, offering decentralized exchanges with transaction fees. Reduced transactions using XLM and prioritized security. The network excels in multi-currency and cross-currency transactions.

_{Blockchain nativo:}

XLM is a cryptocurrency operating on its own chain called the Stellar Network, a decentralized data storage and processing network.
aimed at international or borderless transactions.

_{Protokola Konsensus:}

XLM uses a unique Consensus System called SCP or Stellar Consensus Protocol, which in essence is a Federated Byzantine Agreement system, which is unlike a straightforward Proof-of-Work or Proof-of-Stake consensus system. SCP provides higher decentralization, low computing power, flexibility in transaction processing, and a focus on transaction efficiency and speed.

_{Trilemma (Security, Speed, Scalability):}

Seguridad: Stellar uses an SCP system that allows transactions to be managed without constantly relying on data from the closed system of the blockchain.
This makes it a more open platform with an easy-to-understand security system. Frankly.

snelheid: A single transaction on Stellar can be confirmed in seconds, making Stellar one of the top speed platforms.

Scalabilità: XLM can handle transaction volumes in thousandths of a second, which is ideal for financial institution transactions.

_{Founder/Date Founded:}

Stellar was founded in July 2014 by Jed McCaleb and Joyce Kim

_{Objective/Use Case:}

The goal set by Stellar is to connect financial institutions, payment channels and users of such financial systems together.
Through the Stellar chain, it allows transactions to be carried out at low cost, transparent and easy to verify.
For the standards of cross-border transactions, which is an ideal helper for many areas.
There may also be financial structures that are not fully available.

_{Total supply/Limit or Unlimited:}

The initial XLM amount is set at 1 billion XLM until November 2019.
The Stellar Development Foundation has announced a reduction of the total number of coins by more than half.
By burning XLM to over $55,000 million, the current volume of XLM will be about $5,000 billion XLM.
And no more coins have been issued yet.

_{Supply Deflation:}

Stellar has no tendency to reduce inflation like many cryptocurrencies, but every transaction carries a small amount of XLM (0.00001 XLM).
It is transferred to the inflation pool and is then transferred to the account selected by the user group that voted for it at a later time.
which is a process similar to the regulation of the value of ordinary coins, but later in October 2019.
It has been voted to abolish this system as a whole.

This summary helps beginners understand the basics of XLM and its distinctive features within the realm of digital assets.
Because digital assets are developing rapidly
It is therefore essential to keep abreast of the news regarding the development and updating of digital assets.

_Referenzen:

Stellar Whitepaper‍
Stellar.org
Stellar Foundation

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